TPSC vs. BNO
TPSC (Timothy Plan US Small Cap Core ETF) and BNO (United States Brent Oil Fund LP) are both exchange-traded funds - TPSC is a Small Cap Blend Equities fund tracking the Victory U.S. Small Cap Volatility Weighted BRI, while BNO is a Oil & Gas fund tracking the Crude Oil Brent ICE Near Term Futures. Both are passively managed. Over the past 5 years, TPSC returned 8.83%/yr vs 20.89%/yr for BNO. Their 0.16 correlation means their historical movements had little consistent relationship. TPSC charges 0.52%/yr vs 1.00%/yr for BNO.
Performance
TPSC vs. BNO - Performance Comparison
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Returns By Period
In the year-to-date period, TPSC achieves a 15.86% return, which is significantly lower than BNO's 77.90% return.
TPSC
- 1D
- 0.11%
- 1M
- 0.08%
- 6M
- 9.87%
- YTD
- 15.86%
- 1Y
- 25.20%
- 3Y*
- 13.55%
- 5Y*
- 8.83%
- 10Y*
- —
- ALL TIME*
- 11.75%
BNO
- 1D
- 1.45%
- 1M
- 27.00%
- 6M
- 52.90%
- YTD
- 77.90%
- 1Y
- 62.83%
- 3Y*
- 20.31%
- 5Y*
- 20.89%
- 10Y*
- 15.06%
- ALL TIME*
- 4.31%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $107.13M | $97.34M | $147.52M | |
| $869.84K | $834.27K | $857.67K |
TPSC vs. BNO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
TPSC Timothy Plan US Small Cap Core ETF | 15.86% | 7.34% | 11.50% | 17.64% | -13.46% | 29.74% | 10.27% | 3.77% |
BNO United States Brent Oil Fund LP | 77.90% | -5.44% | 9.67% | -3.43% | 35.25% | 62.34% | -38.23% | 9.74% |
Correlation
The correlation between TPSC and BNO is -0.27, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.27 |
Correlation (3Y) Balances recent behavior with more history. | -0.05 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.09 |
Correlation (All Time) Calculated using the full available price history since Dec 3, 2019 | 0.16 |
The correlation between TPSC and BNO shifts across timeframes, from -0.27 (1 year) to 0.16 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
TPSC vs. BNO — Risk / Return Rank
TPSC
BNO
TPSC vs. BNO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Timothy Plan US Small Cap Core ETF (TPSC) and United States Brent Oil Fund LP (BNO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| TPSC | BNO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.22 | ||
| Sortino ratioReturn per unit of downside risk | +0.46 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.24 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.61 | 1.70 | +0.91 |
| Martin ratioReturn relative to average drawdown | 8.70 | 5.15 | +3.55 |
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Drawdowns
TPSC vs. BNO - Drawdown Comparison
The maximum TPSC drawdown since its inception was -41.79%, smaller than the maximum BNO drawdown of -87.06%. Use the drawdown chart below to compare losses from any high point for TPSC and BNO.
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Drawdown Indicators
| TPSC | BNO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.79% | -87.06% | +45.27% |
Max Drawdown (1Y)Largest decline over 1 year | -8.95% | -34.46% | +25.51% |
Max Drawdown (3Y)Largest decline over 3 years | -23.44% | -34.46% | +11.02% |
Max Drawdown (5Y)Largest decline over 5 years | -23.63% | -34.46% | +10.83% |
Max Drawdown (10Y)Largest decline over 10 years | — | -75.18% | — |
Current DrawdownCurrent decline from peak | -1.09% | -16.21% | +15.12% |
Average DrawdownAverage peak-to-trough decline | -8.24% | -39.99% | +31.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.68% | 11.86% | -9.18% |
Volatility
TPSC vs. BNO - Volatility Comparison
The current volatility for Timothy Plan US Small Cap Core ETF (TPSC) is 3.13%, while United States Brent Oil Fund LP (BNO) has a volatility of 17.47%. This indicates that TPSC experiences smaller price fluctuations and is considered to be less risky than BNO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TPSC | BNO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.13% | 17.47% | -14.34% |
Volatility (6M)Calculated over the trailing 6-month period | 10.17% | 40.96% | -30.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.27% | 44.54% | -29.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.74% | 36.41% | -16.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.23% | 36.98% | -12.75% |
TPSC vs. BNO - Expense Ratio Comparison
TPSC has a 0.52% expense ratio, which is lower than BNO's 1.00% expense ratio.
Dividends
TPSC vs. BNO - Dividend Comparison
TPSC's dividend yield for the trailing twelve months is around 1.03%, while BNO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
BNO United States Brent Oil Fund LP | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TPSC Timothy Plan US Small Cap Core ETF | 1.03% | 1.07% | 0.97% | 1.06% | 1.07% | 1.12% | 1.13% | 0.07% |
Frequently Asked Questions
TPSC and BNO have a correlation of -0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BNO has higher volatility (17.47%) compared to TPSC (3.13%). In terms of maximum drawdown, TPSC dropped -41.79% vs BNO's -87.06%.
On 5-year performance, BNO leads with 20.89% vs 8.83% for TPSC. On fees, TPSC is cheaper at 0.52% per year. On volatility, TPSC has been the lower-risk option at 3.13%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, BNO has performed better with a 20.89% return vs 8.83%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TPSC is cheaper with a 0.52% expense ratio, compared with 1.00% for BNO.
TPSC has the higher dividend yield at 1.03%, compared with 0.00% for BNO.
TPSC is categorized as Small Cap Blend Equities, while BNO is Oil & Gas. TPSC tracks Victory U.S. Small Cap Volatility Weighted BRI, while BNO tracks Crude Oil Brent ICE Near Term Futures. They also come from different issuers: Timothy Plan and USCF. Their fees differ too: 0.52% for TPSC and 1.00% for BNO.
TPSC currently has the higher Sharpe Ratio (1.53 vs 1.32), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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